As part of their annual financials, entities must prepare a Sustainability Report that includes climate-related disclosures aligned with the AASB S2 standard.
This report must also detail emissions, with Scope 1 and 2 emissions required from the first year of reporting, and Scope 3 emissions from the second year onward.
Additionally, it must cover the organisation’s governance, strategy, risk management, metrics, and targets in relation to climate risks.